R92-12 AUTHORIZING AN AGREEMENT WITH THE UNITED STATES DEPARTMENT OF TRANSPORTATION

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. } � Section 9. Special Condition Pertaining to Ma1or Capital ` Proiects - The Grantee shall implement a project management plan, as approved by the Government, in accordance with the requirements of section 23 of the Federal Transit Act, as amended, 49 U.S.C. App. Section 1619, and any implementing regulations that may be issued thereunder. Section 10. S�ecial Condition Pertainina to Interest. Advance Construction Projects - Provided that the Grantee has submitted to the Government a satisfactory certification that the Grantee has used due diligence in seeking the most favorable financin terms, in conformance with 49 U.S.C. A . Section g PP 1602 (1) (2) (B) , interest earned and payable on bonds issued by the State or local public body shall be an eligible project cost to the extent that the proceeds of such bonds have actually been expended in carrying out the project or a portion of the project, and to the extent that those 'costs are not greater than the costs of the most favorable interest terms reasonably available for the project at the time of borrowing. Section 11. Transfer of Assets - The Grantee may transfer assets financed under the Federal Transit Act, as amended, to a public body to be used for any public purpose with no further obligation to the Federal Government, provided that transfer is authorized by the Federal Transit Administrator and meets the requirements of 49 U.S.C. App. Section 1608 (k) . Section 12. Award to Other Than the Lowest Bidder - In accordance with the provisions of 49 U.S.C. App. Section 1608 (1) (3) , a Grantee may award a third party contract to other than the lowest bidder in connection with a procurement financed under the Federal Transit Act, as amended, when such award furthers objectives that are consistent with the purposes of this Act, provided the award comports with the applicable regulations and/or guidance that the FTA may issue. Section 13 . The Grant - This Grant consists of the Notification of Grant Approval; this Part I, Form FTA 1000, dated 12/18/91, entitled Federal Transit Administration Grant; and Part II, Form UMTA F 5K, Rev. 5/89, entitled Federal Transit Agreement, Terms and Conditions. Should the Grant award letter include special conditions for the Project or the projects in this Program, that letter is incorporated herein by reference and made part of this Grant. Amendments to any of these documents shall require a formal amendment to this Grant, except that re-allocations of funds among budget items or fiscal years without increasing the total amount of the Federal Grant may be made in accordance with all FTA circulars and regulations. Amendments of any type that pertain to funding shall require the issuance of a new Program or Project Budget. Page 4